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2. A bank is considering an investment in a municipal security that offer a yield of 6 percent. What is the security’s tax equivalent yield if the bank’s tax rate is 35 percent

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    1. A bank is considering two securities: a 30 year Treasury bond yielding 7 percent and a 30-year municipal bond yielding 5 percent. If the bank’s tax rate is 30 percent, which bond offers the higher tax equivalent yield?

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    .6543

  • financial - ,

    this answer is not right

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